NOTICE OF EXERCISE June 25, 2008
Exhibit
4.2
NOTICE
OF EXERCISE
June
25, 2008
NOTICE IS HEREBY GIVEN that, in
accordance with the Subscription Schedule set forth in the Subscription
Agreement dated February 25, 2008, by and between Advance Display Technologies,
Inc. (“ADTI”) and Xxxxxxxx X. XxXxxxxx, ADTI hereby exercises its right to
require the additional purchase by Xx. XxXxxxxx of 9,091 shares of ADTI’s Series
G Preferred Stock at a price of $110 per share, for a total purchase price of
$1,000,010. Under the Subscription Agreement, such purchase is to
occur within ten (10) days of the date of this Notice.
Advance Display Technologies,
Inc.
0000 Xxxxx Xxxxx Xxx, Xxxxx
X
Centennial CO 80112
(000) 000-0000
By: /s/ Xxxxxxx X.
Xxxxxxx
Xxxxxxx X. Xxxxxxx,
President
